There are many reasons why homeowners refinance: to obtain a lower interest rate, shorten the term of their mortgage, change from a variable rate to fixed, tap into home equity to finance a large purchase, or to consolidate debt.

Some things to consider are how long you plan to have the property and how much you will save.

Since refinancing can cost between 3% and 6% of a loan's principal and—as with an original mortgage—requires an appraisal, title search, and application fees, it's important for a homeowner to determine whether refinancing is a wise financial decision. That’s where I can help you.

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